Novomatic absorbs AGT

Austrian concern Novomatic has completed the acquisition of 52% of the Australian game software Ainsworth Game Technology.

Novomatic executive director Harald Neumann confirmed that the necessary permits for the deal were finally obtained from all regulatory bodies: “I am pleased with the sale of Novomatic securities. The world producer decided to support Ainsworth, our qualitative strategies for international growth. The companies aimed to develop new, innovative products. Therefore, we hope that this transaction will support the corporation”.

The deal completed on January 5, 2018. Novomatic is now the owner of 52% of the issued capital of AGT. Upon completion of the sale, Len Ainsworth, AGT’s CEO, immediately resigned. At the same time, Ainsworth will continue to support AGT as a consultant for 12 months.

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